TomCo Energy plc (LON:TOM) said it is not aware of any reason for a recent increase in its share price, saying it is currently working with the joint venture partner Valkor to finalise planned upgrades and a proposed work programme to the Petroteq Energy existing oil sands plant (POSP) at Asphalt Ridge in Utah.
The oil shale explorer said it believes it will take around three months to complete the upgrade works to the POSP, with the test programme expected to take a further four to six weeks, with third party verification of the process to then be undertaken following the testing.
WATCH: TomCo Energy: Analyst highlights attractive economics of a new oil sands separation technology[hhmc]
TomCo added that it has received noticeRead More – Source
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